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Dec 28, 2012
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can't figure out the fiscal cliff. >> it is avoidable. >> reporter: he's ready to bring some small town solutions to capitol hill. so you really think you can take the city politics to washington and it's going to work? >> it's about personal relationships, trust, working together for the people who elected you. >> reporter: he was a dublin city councilman and said he had to work with republicans in order to pass a city budget. he says it's the same kind of compromise strategy in washington. >> i'm confident there can be a buzzer beater where we can beat the clock and deliver. >> reporter: i asked him to give me one word to describe his feelings entering this fiscal cliff shark tank. >> exciting. >> reporter: you're excited? >> i'm excited. >> reporter: this is doomsday. >> but i'm confident that congress will see the will of the people. >> reporter: he says he's excited about making sure his supporters know he is ready to hit the pavement running. one supporter in particular. >> my own mom at christmas dinner told me do not raise my taxes. she is following just like other americans wha
can't figure out the fiscal cliff. >> it is avoidable. >> reporter: he's ready to bring some small town solutions to capitol hill. so you really think you can take the city politics to washington and it's going to work? >> it's about personal relationships, trust, working together for the people who elected you. >> reporter: he was a dublin city councilman and said he had to work with republicans in order to pass a city budget. he says it's the same kind of compromise...
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Dec 28, 2012
12/12
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WBAL
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. >>> well, with some 90 hours to go until the fiscal cliff kicks in, president obama and top members of congress meet today at the white house, and the house is holding a rare session on sunday. but there are no signs that any proposals are taking shape that both sides can agree on. >>> heartbreak for many americans now banned from adopting russian children. this morning, president vladimir putin signed a bill that blocks russian children from leaving the country, even if u.s. families have already started the process of adopting them. the ban appears to be in re retaliation for u.s. criticism of russia's human rights record. >>> it's back to work for hillary clinton after being sidelined due to a concussion. she hit her head earlier this month after a stomach virus caused her to faint. overseas travel will remain off the table for several more weeks. >>> a woman has been arrested suspected of running a fraudulent fundraising scheme to profit off the sandy hook shooting tragedy. the 37-year-old was charged with lying to the fbi agents investigating the alleged scam. she spoke off cam
. >>> well, with some 90 hours to go until the fiscal cliff kicks in, president obama and top members of congress meet today at the white house, and the house is holding a rare session on sunday. but there are no signs that any proposals are taking shape that both sides can agree on. >>> heartbreak for many americans now banned from adopting russian children. this morning, president vladimir putin signed a bill that blocks russian children from leaving the country, even if...
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Dec 28, 2012
12/12
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yesterday the dow dropped more than 100 points on word out of washington a resolution to the fiscal cliff was unlikely. but president obama returned early from vacation and is said to have a new proposal to offer congress, sparking a rally that left the dow down just 19 points. reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry levin of trading advantage joins us now. larry, it feels like we are already hanging off that cliff. > > it definitely feels that way. everybody is obviously watching for some kind of news out of washington. that is what has moved the market every day for the past couple of weeks. it will be no different today. so i absolutely agree with you. > should investors be concerned about the move in the volatility index yesterday? > > it was interesting to see that, and it is really something that at least active investors watch on a regular basis, so any time the vix moves, i think it is something to watch. >
yesterday the dow dropped more than 100 points on word out of washington a resolution to the fiscal cliff was unlikely. but president obama returned early from vacation and is said to have a new proposal to offer congress, sparking a rally that left the dow down just 19 points. reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry...
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Dec 28, 2012
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congress has been so bogged down with the fiscal cliff, the farm bill is still on the table. if congress does not pass it, dairy subsidies would immediately end on january 1, and those subsidies have been keeping milk prices low for 63 years. >>> the price of curbside parking in chicago is going up january 1. parking meters will charge $6.50 an hour in the downtown area. chicago will have the highest parking meter rates in the country, staking the dubious distinction away from san francisco. congratulations. chicago outsourced its parking meters to a private company and many drivers question that question now. >>> now to some surveillance video from houston. trust me, when you see this, you're going to want these bad guys put away for a long time. the gang of thieves ripped off a daycare center. three or four young men were captured on surveillance camera. there's one right there. going in, they shattered the glass door, then stole six tvs and several game consoles. that ain't all. and one thief took the time to hop on a tiny tricycle and ride it around the yard of the buildi
congress has been so bogged down with the fiscal cliff, the farm bill is still on the table. if congress does not pass it, dairy subsidies would immediately end on january 1, and those subsidies have been keeping milk prices low for 63 years. >>> the price of curbside parking in chicago is going up january 1. parking meters will charge $6.50 an hour in the downtown area. chicago will have the highest parking meter rates in the country, staking the dubious distinction away from san...
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Dec 28, 2012
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so because of that, congress wants to make a milk fix part of any part of fiscal cliff fix if they can do one or the other before the year ends. back to you guys. >> juliet: listening to them, what senator reid says about boehner and boehner's response. they sound like they're real housewives of dc or something. >> eric: they're nowhere near a deal. i think i have this figured out. president obama came back from hits vacation saying let's see if we can get something together, knowing very well that they can't. the house and senate are so far apart, neither one will even entertain the idea -- >> juliet: so why have a meeting? >> eric: you look like you're trying o do the right thing. these bush tax cuts will expire december 31, 72 hours from now, whatever the number is. if president obama comes back in january sometime and says, you know what, house republican members, i have an idea. let's lower taxes 'cause they went back up. let's lower taxes back to where they were last year for the people making under $250,000 a year and let's call them the obama tax cuts. it looks like he's the ta
so because of that, congress wants to make a milk fix part of any part of fiscal cliff fix if they can do one or the other before the year ends. back to you guys. >> juliet: listening to them, what senator reid says about boehner and boehner's response. they sound like they're real housewives of dc or something. >> eric: they're nowhere near a deal. i think i have this figured out. president obama came back from hits vacation saying let's see if we can get something together,...
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Dec 28, 2012
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four top ranking members of congress meeting with the president trying to avert a fiscal cliff. as soon as we get word, you'll be the first to know. >>> no strike for at least a month for workers at ports on the east and gulf coasts. it would be a big deal for the nation's economy if the international longshoreman's association does strike. the contract was due to expire a minute after midnight sunday, but good news, good news today as both parties agree to a partial deal to keep talking. they were able to work out a major sticking point that extends the contract for a month. so stay tuned. >>> more water is drastically needed in the mississippi river. the need is so dire, barge traffic may shut down as early as next week. that means thousands of shippers may lose their jobs. water levels and ice forming in the river right now makes it difficult for the ships to pass through. ships carry about $7 billion in goods on the river in december and in january. that's according to bloomberg report. i want to bring in chad myers now. how will the current weather situation play into this?
four top ranking members of congress meeting with the president trying to avert a fiscal cliff. as soon as we get word, you'll be the first to know. >>> no strike for at least a month for workers at ports on the east and gulf coasts. it would be a big deal for the nation's economy if the international longshoreman's association does strike. the contract was due to expire a minute after midnight sunday, but good news, good news today as both parties agree to a partial deal to keep...
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Dec 28, 2012
12/12
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the fiscal cliff? do you think it's possible that a compromise will be reached before the deadline? tammy simpson writes -- peggy fleming says -- >> a lot of people fired up obviously over this. >>> traffic is back to normal on the springfield interchange, even while virginia state police continue to investigate a deadly accident there. this happened around 7:00 last night when a tractor-trailer stopped in traffic, was rear- ended by a pickup truck. three people inside the pickup truck died at the scene. the driver of the tractor- trailer was not hurt. >>> d.c. police are offering a $25,000 reward for information leading to the arrest in the shooting death of a capitol hill man. jason emma was shot multiple times the morning of christmas eve. he was found sitting in his car. the vehicle was still running. police think he was killed when two men tried to rob him. the funeral is set for tomorrow at 11:00 in arlington. >>> a disturbing scene out of new york city, where police say a man has died after bein
the fiscal cliff? do you think it's possible that a compromise will be reached before the deadline? tammy simpson writes -- peggy fleming says -- >> a lot of people fired up obviously over this. >>> traffic is back to normal on the springfield interchange, even while virginia state police continue to investigate a deadly accident there. this happened around 7:00 last night when a tractor-trailer stopped in traffic, was rear- ended by a pickup truck. three people inside the pickup...
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Dec 28, 2012
12/12
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in the short term the fiscal cliff is dealing with the budget and the debt ceiling is money that congress has voted to spend a. it is leverage. shibani: one side has leverage over the other. >> absolutely. and interesting plan from senator mcconnell, the minority leader in the senate, republican leader has said maybe we can do what we did last time which is bailout congress to vote against it but still went forward. normally congress has to approve the debt ceiling going forward and mcconnell saying let it go forward and let congress vote against it, the majority won't vote against it and allow people to get on record saying i don't really like this. dennis: they know it will pass and they don't have to be responsible by defaulting on the debt. president obama's move to say let's take this out of congress and let me have sole authority to lift the borrowing authority whenever one won't fly. >> there have been a lot of shenanigans around this in the past. the conversation is when we are doing spending. when we are passing appropriations is the time to say should we spend this money or not?
in the short term the fiscal cliff is dealing with the budget and the debt ceiling is money that congress has voted to spend a. it is leverage. shibani: one side has leverage over the other. >> absolutely. and interesting plan from senator mcconnell, the minority leader in the senate, republican leader has said maybe we can do what we did last time which is bailout congress to vote against it but still went forward. normally congress has to approve the debt ceiling going forward and...
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Dec 28, 2012
12/12
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we will begin with your comments on the fiscal cliff talks, now down to the wire. here are our phone numbers -- you can join the conversation online. host: here are some of the friday morning headlines. a rare back to work for congress. "cliff talks down to the wi re" is the headline in "the wall street journal." host: that story from inside "usa today." this is from "the new york times." host: there is this from "roll call." pessimistic asstima ever. the president summoning congressional leaders. we expect there will be a stakeout afterward. we may hear from the president and we will be following all of that as the day unfolds. it's begin with david lightman. he covers capitol hill and the white house. the best sense of what you think the dynamics will be inside the room at the 3:00 p.m. meeting. guest: for all this talk of pessimism and optimism, the only people that know are the five principles in that room and i think that is important. they are all seasoned negotiators. they went to the debt ceiling stuff a year and a half ago. i think there will make an hones
we will begin with your comments on the fiscal cliff talks, now down to the wire. here are our phone numbers -- you can join the conversation online. host: here are some of the friday morning headlines. a rare back to work for congress. "cliff talks down to the wi re" is the headline in "the wall street journal." host: that story from inside "usa today." this is from "the new york times." host: there is this from "roll call." pessimistic asstima...
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Dec 28, 2012
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finally fixes this fiscal cliff problem. gregg: molly henneberg. these cuts were never expected to be enacted, were they? >> reporter: right, during the budget battle of 2011, remember that super committee they were trying to find sending cuts during that time. these spending cuts were put in as an unthinkable trigger to force lawmakers to find a which too cut spending. >> they make it particularly unplatte hratable, they wanted it to come out of the budget. they thought it was too harsh, the secretary of defense said it would hollow out the military. we face the possibility now that it will hop. >> reporter: the only way to aeu sroeutd cutto avoid these cuts implemented is for the congress to act before the new year. gregg: i want to know whose idea it was. it came from the white house according to bob woodward "the pricef politics" the proposal was presented on behalf of the president. it's interesting that now he is struggling to try to deal with his own proposal. >> reporter: and time is running short. patti ann: new yor
finally fixes this fiscal cliff problem. gregg: molly henneberg. these cuts were never expected to be enacted, were they? >> reporter: right, during the budget battle of 2011, remember that super committee they were trying to find sending cuts during that time. these spending cuts were put in as an unthinkable trigger to force lawmakers to find a which too cut spending. >> they make it particularly unplatte hratable, they wanted it to come out of the budget. they thought it was too...
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Dec 28, 2012
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going over the fiscal cliff. which is why the president has been working to bring the leaders together. >> the way our system is supposed to work is the president is supposed to make a proposal and go across the country persuading the american people he is right. finos how to do that. then he sits down with us and we complain and adjust and amend it and bring it up on the floor and vote on it and pass it and get it resolved. that is what is supposed to happen and it can't start until the president make the proposal. rich: lawmakers are waiting to see how the meeting shapes up next hour and so are we. neil: john boehner can deliver his caucus without spending cuts and democrats can't come to the table must -- my hand a doing this, republicans agreed to tax increases. we are going over the cliff and that might be what both sides want. >> the possible scenario where if the market reacts negatively lawmakers would feel the rush to pass something else. it became clear after john boehner put on the table keeping tax ra
going over the fiscal cliff. which is why the president has been working to bring the leaders together. >> the way our system is supposed to work is the president is supposed to make a proposal and go across the country persuading the american people he is right. finos how to do that. then he sits down with us and we complain and adjust and amend it and bring it up on the floor and vote on it and pass it and get it resolved. that is what is supposed to happen and it can't start until the...
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Dec 28, 2012
12/12
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the fiscal cliff was a device that the president and the congress agreed to in 2011 to try to put more pressure on themselves to do what they couldn't do then, which was reach a big deal on the deficit. it's a noose of their own construction. and here we are, we're kind of defining dysfunction down. not going over the cliff is a pretty modest achievement that they may not be able to reach, almost completely gone right now is the discussion of doing what it was supposed to do in the first place, reaching a long-term deal. >> this is going to be a tiny deal -- >> it's avoiding the worst, rather than getting anywhere near what would be the best. >> there's also a process here. it's a great political forum and presidents have said, just vote on it. give everybody a chance to vote. that's not even quite that clear in the senate that's going to be possible. >> no. it hasn't really been possible -- increasingly less possible since the 1980s. the routine use of the filibuster, once the filibuster was reserved for the biggest disputes. things like the civil rights fights of the 1960s. now it is
the fiscal cliff was a device that the president and the congress agreed to in 2011 to try to put more pressure on themselves to do what they couldn't do then, which was reach a big deal on the deficit. it's a noose of their own construction. and here we are, we're kind of defining dysfunction down. not going over the cliff is a pretty modest achievement that they may not be able to reach, almost completely gone right now is the discussion of doing what it was supposed to do in the first place,...
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Dec 28, 2012
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he said he is ready to bring small town solutions to capitol hill to help prevent and avoidable "fiscal cliff. >> i'm confident there can still be a buzzer beater here where we can beat the clock and deliver on middle class taxes. >> congressman swalwell will be the second youngest member congress to be sworn in on january 3. he leaves sunday for d.c. to pick up his new keys to his office. >> good luck. >>> next week secretary of state hillary clinton is going back to work at the state department after a three-week hiatus. you may recall she has been recovering from a concussion she suffered when she fainted while fighting a stomach virus. a spokesman says clinton is look forward to resuming her schedule. on that schedule, testifying before congress about the deadly attacks on a u.s. consulate in libya this past september. >>> russia is work on talks to end a 21-month-old conflict in syria. the syrian government is ready to talk with its opponents. now russian's foreign minister is calling on syria to make good on the offer. they are working with egyptian diplomats. russia expects to me
he said he is ready to bring small town solutions to capitol hill to help prevent and avoidable "fiscal cliff. >> i'm confident there can still be a buzzer beater here where we can beat the clock and deliver on middle class taxes. >> congressman swalwell will be the second youngest member congress to be sworn in on january 3. he leaves sunday for d.c. to pick up his new keys to his office. >> good luck. >>> next week secretary of state hillary clinton is going...
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Dec 28, 2012
12/12
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WBAL
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. >>> with some 90 hours to go until the fiscal cliff kicks in, president obama and top members of congress meet today at the white house, and the house will hold a rare session on sunday. but there are no signs that any proposals are taking shape that both sides can agree on. >>> and now for a look at what is trending today, our quick roundup of what has you talking online. every day thousands of people update social media sites like facebook and twitter when they get sick. now sickweather.com is scanning those sites to help predict outbreaks of illness like the flu, letting you take your ge germophobia. >>> well, bravo is giving us a sneak peek inside lindsay lohan's bedroom for an upcoming episode of "million dollar decorators." they agree that the mirrored bed frame has got to go. you can see the full episode january 1st on bravo. >>> miley cyrus' cover of dolly parton's j"joline" is going viral. she just released the sessions she did with her band over the summer. here's a listen. ♪ joline, joline, joline >> video was only posted this week, but it was shot before miley got her new di
. >>> with some 90 hours to go until the fiscal cliff kicks in, president obama and top members of congress meet today at the white house, and the house will hold a rare session on sunday. but there are no signs that any proposals are taking shape that both sides can agree on. >>> and now for a look at what is trending today, our quick roundup of what has you talking online. every day thousands of people update social media sites like facebook and twitter when they get sick....
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Dec 28, 2012
12/12
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listen, this fiscal cliff deal, everyone is so sick of hearing the phrase. i it talked to several this week, members of congress and members of the senate who indicate we're going over the cliff. they say it won't be that bad. don't worry about it. there's something in me that wonders about the psychological impact of just going right over. >> mike, you're right. they are saying that, and there's a real risk especially in the white house. they know that the reaction of the markets, especially overseas, the credit raters is unpredictable. you don't want to start your second term with a double-dip recession. that's the real risk here. for republicans more and more you hear them saying and i think this is what you're refer to here. you hear them saying, let's just wait until people get their first paycheck. wait until they get that pay economic when there's less withheld and there's not a payroll tax holiday but then they want tax relief. it's a huge risk. another political game at play here. sherman has a great story on the sight right there giving the thought
listen, this fiscal cliff deal, everyone is so sick of hearing the phrase. i it talked to several this week, members of congress and members of the senate who indicate we're going over the cliff. they say it won't be that bad. don't worry about it. there's something in me that wonders about the psychological impact of just going right over. >> mike, you're right. they are saying that, and there's a real risk especially in the white house. they know that the reaction of the markets,...